Timestrip announced in January 2008 that it had received an initial order to supply its patented Timestrip technology to a leading global consumer products company based in North America, for integration into a new mass-market product that will be launched this year.
We are delighted to confirm that the client is WD-40 Company.
Initial shipments of the order from WD-40 Company will commence shortly in
preparation for their upcoming product launch. From a technical perspective,
this order has allowed Timestrip to demonstrate its ability to manufacture its
smart labels in a shape and size that has been tailored to meet the customer's
requirements. This flexibility further expands the already significant market
potential for the technology.
WD-40 Company have also confirmed that Timestrip smart labels will feature on
two additional products within the new range, one of which is an industrial
application. We look forward to reporting in due course on the effect of this
news on future revenues.
Paul Checklin, Senior Director of Global Sourcing, WD-40 Company, said: 'We
thoroughly researched the market for an effective technology to help communicate
instructions on usage periods to our customers. Timestrip smart labels are very
effective both in terms of cost and functionality and our adoption of this
technology reinforces our position as a global brand leader.'
Reuben Isbitsky, Joint Chief Executive, Timestrip Plc, said: 'We are delighted
to officially announce WD-40 Company as our client, adding yet another blue chip
global brand to our portfolio of customers who have adopted our unique smart